middle east news

France T├®l├®com buys M├®ditel stake

France Télécom has bought a 40 per cent stake in Méditel, Morocco’s second-largest mobile operator, for €640 million, marking the first step in its strategy to boost its presenc

Financing in place for Oman power projects

GDF Suez and its partners have secured $1.3 billion in financing for the Barka 3 and Sohar 2 independent power projects in Oman.

Air Liquide signs $450 million supply deal

French industrial gases company Air Liquide has said it will invest $450 million in two global-scale hydrogen production units to supply Saudi Aramco with hydrogen for its plann

UAE announces BlackBerry ban

The United Arab Emirates has announced it is banning BlackBerry messaging, email and internet use.

Firms bid for Saudi contracts

Saudi Arabia has received bids from six groups hoping to build four stations along a 450 kilometre high-speed railway line in the country.

Google buys ITA for $700 million

AkzoNobel to sell National Starch business for $1.3 billion

AkzoNobel has announced the sale of its National Starch business to Corn Products International for $1.3 billion in cash.

Total and Abengoa sign up to Abu Dhabi solar plant

Masdar, a wholly-owned subsidiary of Abu Dhabi's Mubadala investment company, will join France’s Total and Spain’s Abengoa Solar in spending $600 million (€504.2 million) on bui

Virgin Group launches Virgin Mobile Qatar